SIFCO Industries Inc Forecast and Stock Analysis
Technical SIF stock analysis for February 15, 2019.
|Shorts||0.31% ( 2019-01-31 )|
SIFCO Industries Inc gained 2.34% in the last trading day, rising from $3.42 to $3.50 The price has risen in 7 of the last 10 days and is up by 7.93% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1 219 more shares were traded than the day before. In total, 1 569 shares bought and sold for approximately $5 491.50.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SIF stock was $3.50. This is 2.34% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.72% from a day low at $3.49 to a day high of $3.55.
30 day high of the SIF stock price was $3.55 and low was $3.10.
90 day high was $4.90 and low was $3.05.
52 week high for the SIFCO Industries Inc - $6.50 and low - $3.05.
SIFCO Industries Inc has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $3.46, a level that may pose a second chance to hit a runner. According to fan-theory $4.76 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. SIFCO Industries Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $3.47 and $3.40. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. SIFCO Industries Inc has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 70 and the stock is currently not being overbought or oversold
Support & Resistance
SIFCO Industries Inc finds support from accumulated volume at $3.45.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.06 (1.72%) between high and low. For the last week, the stock has had a daily average volatility of 0.81%.
Our recommended stoploss: $3.32 (-5.13%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.